Price T Rowe Associates Inc. MD Increases Position in Kimco Realty Corp (NYSE:KIM)

Price T Rowe Associates Inc. MD grew its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,306,409 shares of the real estate investment trust's stock after acquiring an additional 204,665 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.94% of Kimco Realty worth $147,760,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in Kimco Realty in the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new position in Kimco Realty in the 3rd quarter worth approximately $31,000. Brown Brothers Harriman & Co. lifted its position in Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 575 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Kimco Realty during the 4th quarter valued at $45,000. Finally, Catalyst Capital Advisors LLC increased its holdings in shares of Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 1,104 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on KIM shares. Jefferies Financial Group lowered Kimco Realty from a "buy" rating to a "hold" rating and decreased their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Scotiabank decreased their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company cut their price objective on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Citigroup decreased their target price on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Kimco Realty presently has an average rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Trading Up 0.3 %

NYSE:KIM traded up $0.07 during mid-day trading on Friday, hitting $21.02. 1,442,831 shares of the stock traded hands, compared to its average volume of 5,359,619. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 52 week low of $17.93 and a 52 week high of $25.83. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of 37.56, a PEG ratio of 2.78 and a beta of 1.25. The firm's 50 day moving average is $20.68 and its two-hundred day moving average is $22.57.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The firm had revenue of $536.62 million for the quarter, compared to the consensus estimate of $520.68 million. During the same period in the prior year, the business posted $0.39 earnings per share. The company's revenue for the quarter was up 965.3% on a year-over-year basis. On average, equities research analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.25 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.76%. Kimco Realty's dividend payout ratio (DPR) is currently 178.57%.

Kimco Realty Profile

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America's largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.